HomeMy WebLinkAboutC2005-293 - 6/21/2005 - ApprovedThlm ~ I~ enkm~cl I~t3 behqmen the C3~ ~ CorpJ~ ~. Taxa~ CC3ty") and O
& j L.nd Comcany ¢Devek3mr"), and paCmm ~o demrra~ o~ tim tmemvenmnm ~
pdor l~ fling t~e flrl I~mt ot Pmclm / k~emtmlm 37 Bu~neem Park Unit 2, L.~a 1, 2 & 3,
B~x:k 1, ~ wma apl~cl by Ptannk~ Co,.../ '~:n o~ J~ne 1, 2Q05,., c:~py o1' the
WHEREA, S, ttle~isobgg~t,mderSect~lll,~H,~bdl: ,., Id'tG,
o~ the F'~.tting O~h',ance to co.truer ~ pao:=.~ (75%) ot the mquk.d
ImpKwement], ~ the fined I:~ia endomed byth~ ~'e Ok'eotor of Er~_Y,_ I.k&h
WHEREAS, the City Am:.'ney and Directs' o~ Rnance h.~ approved thi. b,,
WHEREAS, the Devek3per I~ ent~ hYa3 thla De~mTal ~ aa mquirm:! by
Section V, Paragraph A, Subl~ph 3.(6) c~ the Ptat~ng O~dln~,
NOW, THEREFORE, the City end Develops'
M200~- I,l~
D & J I.amd ( Omlmay
3
4
5
and wmtee rrmine, ~ aa:c~m~a~ w~ the City~ &~gk ~'lng m In e~m~ mt
nul and vald.
Immedlatedy releeme Develage~ from all abll~ ~r~- hemtmc~, by
m~lln~ ~ ~ L~ to:
C) & J I nnd C4:x~ 7..rlv
Defened Im~ a~y balance remaining or al monim
ff I~he Deferral Improvement~ have nc~ been completecl wlb~n one (1) y~ar$ from
b~ dm tt~la Agreement la approved, or If tY.e De. Icier fab ~ ~ my
m m~ ~ ~et out below, afmr notice to the Developer taxi appmtm~/
~ cum as atat~l In PamiFaph 7 below, the Clty may cai tt~e le~lal' (i) of credit
6
7
tob~ Bmnk m~ C)e~da~e~, ma b'~ ir~t~m~t mey el:q~omr, wflh4n elx~/(60) datum of
'The Dev~ covenar~ to a:X~tTUCt the De~erre¢l Improvemerd~ and b'~t b"da
c~venant m"lall be e cover~e~ rurmlng with t~te land.
Unleas o(henvtee stated hereln, any notice required ~ permilted to be givea
hereunder a~ll be In wrt'dng end rnoy i:~ given by pereonel delivmy, by lex, orby
certified mall, a~:l ff given i:~, by fax (x' by certified md, et~ll be deerned
13.
14.
15.
-_'J Y~ ~ee fo~' r~ ~.
Owr.nh~p Intemm form .ached her~e (Exhibit 4).
D & J I.mtd C~hl~ny
D & J Land Co~
STATE OF TEXAS
COUNTY OF NUECES
'l-h~k'w~rrientwm~_~ '~.,.,Medged be~ore me on the ~; dayof
2005. by Jamee Baldwln, Vice Pmaldent of D & J Land C_x)mpa~.
Tele~ (381) 880-3r300
Fac~4m~e: (381) 880-3501
THE STATE OF TEXAS
COUNTY OF NUECE$
.( ~,,~,l.,.x..' .;aX~.W(~,~,K.N,:,,.C~M~,=g,~rfor~Cn'YO~CORPUS
CHRIS, a Texaa m~,mtc~
NOTA.I:~Y PUBLIC, BrA'rE OF 'rEXA,~
APPROVED AS TO FORM:
~-~ K. k"~
ay:J~eph
EXHIRIT
COST ESI'BIATE-Dtt-r-tt,~-n ~
P~ATE ~7
BUS#IEI~ PA,MX LM~'f 2
II~I. BIE DI~ Ex"r'ENmoN
E)o,mrr -c-
(3UAk"rlI'Y II,lqlal ~
8 IrDuGIi Into Tm 2 EA
__7 . _.W~la~ne D,llecl~ Umber Bax Cu~n~t .... m m. m 1 ~
2 ~Tmndl Pmllcdon
122.,W
(124,170.C)Q
$11,678.57
{111,462.78
EXHIBIT 3
EXHIBIT 4